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AVA Appendix 4C & Indian Military Update

• Quarter on quarter improvement in revenues and cash flows
• Consolidated cash position of $3.1m, with no debt
• One-off cash flows relating to AVA compulsory acquisition of MSP minority holders of $1.2m

Ava Risk Group Limited (ASX: AVA), a market leader of risk management services and technologies, today released its Appendix 4C for the quarter ended 31 December 2018 and provides an update as to the Indian Military project.

Net operating cash flows were positive $0.7m for the quarter, a $2.0m improvement on the previous quarter. Cash receipts from customers were $9.6m for the quarter, a $2.3m increase on the previous quarter.

At 31 December 2018 the Company had $3.1m cash at bank and no debt.

Gross forecast operating cash outflows of around $8.9m are expected for next quarter, consistent with the quarter just ended. This excludes cash inflows from customer payments and government R&D rebates. Orders in hand (backlog) for 2HFY2019 at 31 December 2018 are in excess of $4.0m.

Whilst the Company is yet to receive the formal purchase order for the Indian Military Data Network project (Letter of Intent announced to ASX 5 September 2018) we are pleased that detailed negotiations continue between the prime contractor and our in country OEM partner. Recent negotiations have included increasing the scope of the contract, which, if
concluded as expected, will increase the amount of revenue that Ava receives under the contract award. Further particulars will be provided when negotiations are concluded and we receive the formal purchase order.

Ava Group Chief Executive, Chris Fergus said: “Ava’s strategic growth plans significantly progressed in the quarter with the completion of the compulsory acquisition of MaxSec Group Limited. Orders received increased over the prior quarter, especially for FFT, and this supports our expectations for revenue growth in the second half year of the year. Ava’s overall second quarter revenue was lower than expected for the Technology Division, primarily due to timing of order receipts and customer delays, but this was partially offset by the revenue growth in the Services Division. Operating cash flow was positive, being broadly in line with expectations.”

About Ava Group

Ava Group is a market leader of risk management services and technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including intrusion detection for perimeters, pipelines and data networks, biometric and card access control, a range of high security locks as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive
portfolio of premium services and technologies for the most complex and demanding markets.

Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class services and technologies that surpass the expectations of our partners and end users.

For further information contact: Leigh Davis leigh.davis@theavagroup.com

Ava Group and Mining3 sign contract for development and deployment of revolutionary new conveyor monitoring system

Ava Risk Group Limited (ASX:AVA) has today announced the signing of a development and commercialisation agreement with Mining3 which will see the launch of an innovative new performance management solution aiming to revolutionise the condition monitoring of conveyors.

The agreement will strengthen the recently announced strategic alliance between Future Fibre Technologies (FFT), an Ava Group division, and Mining3, the leading global mining research and innovation company.

Conveyor maintenance is a significant daily problem for the mining, cement, pulp and paper and agriculture sectors. Conventional methods of advanced detection of failure in conveyors are unreliable, time-consuming and labour intensive.

Under the 3 year agreement, FFT will use its Aura Ai-2 advanced fibre optic sensing platform combined with Mining3’s signal processing algorithms to bring to market a new FFT product that provides the world’s most advanced predictive conveyor condition monitoring system for the global mining industry. Importantly, the product will provide wear detection to pre-empt roller failure using FFT’s ultra-reliable fibre optic solutions. FFT will invest up to $250,000 to develop and market the new jointly created product and will have worldwide rights to the commercialisation of the technology.

This game-changing risk assurance solution is expected to launch in Q2 FY2019 and provides a first mover advantage for the Ava Group, in a potential total addressable market of up to $300 million.

Ava Group CEO, Chris Fergus, said: “Mining companies are striving to realise the full benefits of evolving digital capabilities to sustain and enhance improvements in productivity, including looking at ways of using data more effectively to enhance asset management, improve reliability and introduce predictive capability.

“This partnership is a result of our focus towards providing innovative solutions to clients in key strategic sectors. The potential opportunity for Ava Group is transformational as we begin to execute and leverage on our strong portfolio of Intellectual Property to address our adjacent market solution strategy”.

Prof Paul Lever, CEO of Mining3 added: “We believe that partnerships such as this will drive the industry forward, building trust with suppliers by turning vendors into partners. Ava Group’s approach to collaborative innovation with service companies and suppliers is to be commended and we look forward to working with the FFT team to extend the application of their world-class technology beyond the initial solution.”

About Ava Group

The Ava Group is a market leader in the provision of risk management services and technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including intrusion detection for perimeters, pipelines and data networks, biometrics, card access control and locking as well as secure international logistics, storage of high value assets and risk consulting services. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and technologies for the most complex and demanding markets.

Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to

deliver first class services and technologies that surpass the expectations of our partners and end users.

About Mining3

Mining3 is a world-leading research organisation, directed by its global mining industry members to develop and deliver transformational technology to improve the productivity, sustainability, and safety of the mining industry.

Our world-class researchers and engineers develop tangible solutions to industry-identified challenges using both fundamental and applied research, while leveraging our extensive history and acquired knowledge.

By bringing industry and research expertise together, we collaboratively accelerate the delivery of real-world solutions from our research, ensuring they are available to the market as rapidly and effectively as possible.

www.mining3.com

FFT celebrates 100th controller sale in India and thanks Austrade for its assistance in penetrating the market

FFT, the market leader in leader fibre optic intrusion detection and location products, is proud to announce the successful supply of its 100th premium high sensitivity intrusion detection controller by its Indian-based subsidiary, FFT India Pvt. Ltd. In marking the occasion, the company has also taken the opportunity to offer its considerable gratitude to Austrade (The Australian Trade and Investment Commission) for its diplomatic and introductory assistance across a number of vital project tenders.

FFT_India PR photo

The occasion has been marked by a cake-cutting ceremony held on 17th December in the presence of the FFT team and Leonie Muldoon, Senior Trade and Investment Commissioner-South Asia at Austrade. The ceremony also recognised the continued assistance of Austrade – including direct support from the Senior Trade Commissioner herself, who recently took part in face-to-face meetings and championed FFT’s solutions as part of a successful tender.

Sanjay Oberoi, Country Manager – India, for FFT commented, “We are excited and very proud to have reached this considerable milestone in FFT’s penetration of the Indian market. Our high-end controllers provide premium long-range solutions for some of the most demanding and security-conscious installations in the world. This success is in no small part thanks to the continued high levels of support from Austrade, which has whole-heartedly demonstrated its ongoing commitment to assisting Australian manufacturing and development businesses as they trade around the world. We are immensely grateful to the Austrade team for their support.”

Leonie Muldoon at Austrade also commented, “FFT is a great example of an Australian business that is flourishing in the Indian market by providing the very best solutions to its customers. We are proud to assist Australian businesses by leveraging our local relationships and commercial knowledge in markets such as India to ensure there are no unnecessary barriers to effective trade. We congratulate FFT on this impressive landmark achievement.”

Having developed and manufactured fibre optic based sensing systems for security applications since 1994, FFT’s market-leading solutions deliver performance levels and cost advantages unavailable with other sensing technologies. FFT’s fibre optic systems boast long range (up to 80km for perimeter fences or 110km for pipelines, on selected controllers), highly accurate event location, powerful Artificial Intelligence (Ai) Analysis and low installation costs, along with impressive safety and reliability, and seamless integration with third party systems and equipment. FFT’s technology is unique and proven time and again.

FFT India Pvt. Ltd. has traded in India for the last six years, having been registered with the Indian Registrar of Companies on 26th September 2012. It has a locally-based expert team of trained and certified engineers in the country which provide solution design, installation guidance, commissioning, training and on-site technical support (both under warranty and post warranty). The company has so far won over 50,000 kms of intrusion detection for perimeter, NLD backbone and pipeline intrusion detection.

Projects that FFT India Pvt. Ltd. has completed in India include: pipelines, military facilities, refineries, power sub-stations, multinational HQ perimeters and even international country borders. Key sectors in the region also include: air bases (including Indian Air Force, Navy and Army), commercial airports, DRDO laboratories, defense establishments, oil and gas pipelines/assets, the Dedicated Freight Corridor Corporation of India, thermal power generating plants and sub stations.

FFT India Pvt. Ltd. is a wholly owned subsidiary and part of its Australian parent Ava Risk Group Ltd (ASX: AVA), since FFT became part of the new group earlier this year. Being part of Ava Risk Group Ltd has enabled the company to leverage a wider network and more breadth of knowledge and expertise, to fully capitalise on market opportunities and grow its market share in India and other territories around the world.

About Ava Group

The Ava Group is a market leader in the provision of risk management services and technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including intrusion detection for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics, storage of high value assets and risk consulting services. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and technologies for the most complex and demanding markets.

Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class services and technologies that surpass the expectations of our partners and end users.

BQT Solutions launches Orca – New industry-leading high-strength, waterproof and fully integrated lock

AUCKLAND, Jan. 10 – BQT Solutions, a market leader in high security card and biometric readers and locks, has launched its new Orca weatherproof lock which provides industry-leading strength, unparalleled environmental durability and seamless access control integration for securing gates, roller doors, shipping containers, and any other large door or entryway.

Matthew Nye-Hingston, CTO of BQT Solutions Locking division commented, “Orca is the ultimate weatherproof lock, providing the complete combination of strength, security and convenience in one solution. It encompasses the features found in premium electronic locks, with the physical strength and function required to secure doors of any shape, whatever size.”

Orca lock is the latest generation of roller lock from BQT Solutions, building on an impressive portfolio that includes the YG10 – winner of the SIA New Product Showcase Award in the Lock Systems and Secure Storage Containers category presented at ISC West 2018.

Along with its highly impressive physical attributes, Orca’s ability to integrate into an access control system is what elevates its abilities well beyond anything else on the market. Orca is fully monitored and user-configurable, whilst being impervious to weather or environmental challenges making it perfect for deployment indoors or outdoors.

Orca’s standout features include:

  • High Security Performance – With a holding force in excess of 50,000N, 18mm diameter stainless steel bolt pin and reinforced strike design, the Orca lock ensures the most sensitive sites remain protected from even the most vigorous methods of attack.
  • Fully Weatherproof – Key features such as an IP67 rated design and built-in heater enable the Orca to withstand extreme weather environments including hot and cold climates, marine and desert conditions.
  • Highly Configurable – Orca can be adapted to suit a wide range of application requirements, with user selectable fail safe / fail secure modes and three user selectable control methods.
  • Complete Monitoring – Orca can truly become a part of the access control system, with a range of output signals including: bolt locked and unlocked position, door position, and tamper detection.
  • Versatile Installation – A symmetrical design means Orca can be installed both horizontally and vertically, giving greater flexibility to installers looking for optimum positioning.
  • Low Cost Running – With the heater disabled, Orca offers low current consumption, drawing as little as 30mA in standby and only 300mA in operation at 12VDC.
  • Long-term reliability – A high quality low voltage motor is the key to the Orca’s reliability while stainless steel and wear resistant plastic components ensure complete peace of mind for any security operator.

Matthew added, “Orca is the perfect heavy-duty monitored lock for any integrated security solution. Our highly-skilled team in New Zealand has worked hard to ensure we bring a product to the market that we truly believe is the best of its kind. With several exhibitions lined up in the new year we are looking forward to showing more customers how Orca can secure their installations.”

An Ava Group company, BQT Solutions is a specialist in the development, manufacture and supply of high quality, high security card and biometric readers, electromechanical locks and related electronic security products. The company provides a wide range of both off-the-shelf solutions and purpose tailored solutions.

Working with major system integrators, security consultants and end users, BQT Solutions develops tailored access control solutions to fulfil a range of access control requirements. From standalone units to fully integrated enterprise solutions, BQT access control systems are designed to provide maximum security, maximum value – and a migration path to meet present and future needs.

About the Ava Group

The Ava Group is a market leader in the provision of risk management services and technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including intrusion detection for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics, storage of high value assets and risk consulting services. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and technologies for the most complex and demanding markets.

Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class services and technologies that surpass the expectations of our partners and end users.

Future Fibre Technologies (FFT) perimeter technology selected for $2.2m award in Asia

Ava Risk Group Limited (ASX: AVA), a market leader in the provision of risk management services and technologies, announced today that it has received purchase orders for A$2.2m in respect of the upgrade of security at several military airbases in Asia. This is the first phase of a wider program to enhance security at a number of critical military locations.

Ava Group Chief Executive Officer, Chris Fergus states: “We are pleased that Ava Group’s FFT market leading perimeter intrusion detection solution was selected for this critical project and that our Aura Ai-2 next generation
controller’s ability to provide both fence mounted and buried detection from a single platform were key in the selection decision. Other key criteria included FFT’s ability to provide seamless integration with all layers of
command and control systems, along with a rugged and highly reliable product.

Reflecting our investment in international growth, a further reason for the award to Ava Group was our experienced in country team that will provide long term technical support through installation, commissioning and warranty. This is reflective of Ava Group’s strategy of being close to our customers.”

The contract award follows extensive competitive testing by the end user at various sites, including on different fence types and soil conditions. Our products proved their advanced capabilities for detection accuracy and high Probability of Detection, with the ability to detect climbing, cutting, walking, crawling, running, movement of light vehicle and heavy vehicles, as well as manual and mechanized digging and tunneling.

Testing was also undertaken to confirm the integration of FFT’s products with third party video and Physical Security Information Management systems. FFT Aura Ai-2 met and exceeded the customers specifications and expectations in all testing.”

The initial award is valued at A$2.2m for the first phase of the upgrade program and is expected to be fulfilled in Q3 of FY2019. The second phase is estimated at A$900k and is expected in early FY2020.

Mr Fergus continued “Ava has participated in a number of trials and competitive shoot-outs for its FFT fence and covert buried capabilities with Aura Ai-2 in the last 6 months, and in every test we have demonstrated outstanding and world leading performance for both detection and ability to minimise nuisance alarms in challenging installations. We are delighted to now see the contracts associated with these trials starting to be released.”

About the Ava Group

The Ava Group is a market leader in the provision of risk management services and technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including Future Fibre Technologies (FFT) intrusion detection for perimeters, pipelines and data networks, BQT Solutions biometric and card access control as well as
the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and technologies for the most complex and demanding markets.

Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class services and technologies that surpass the expectations of our partners and end users.

Ava Group Unveils Latest Enhancements to its Powerful Market-Leading Aura Ai-2 Advanced Fibre Optic Intrusion Detection and Location Solution

Ava Group is proud to announce new enhancements to its market-leading FFT Aura Ai-2 advanced fibre optic detection controller, which offers superior intrusion detection location accuracy together with extended range performance. The system is perfect for monitoring pipelines, perimeters and communications networks.

Mark Horton, Global Sales and Marketing Director at Ava Group comments, “The Aura Ai-2 is our next generation controller and was released to industry acclaim last year, being recognized for its ground-breaking performance. However, the system has had further performance upgrades and now offers monitoring of optical distances of 80km for perimeter fence detection or 110km for pipeline or covert buried detection. Accuracy has also been enhanced, the system can now pinpoint an intrusion location down to within within ± 2m metres on a fence mounted application. The controller is also able to cover different applications simultaneously, for example fence mounted and covert buried detection. This essentially offers two units in one, saving on both procurement and operational costs.”

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Ava Group to Demonstrate Latest Innovations at International Security Expo, London Olympia – November 28-29, 2018

Ava Group will be presenting its portfolio of security solutions at International Security Expo, stand E74. The expo also hosts a range of certified conferences and workshops covering every major sector of the security industry. Taking place over two days at London Olympia, the event focuses on the needs of government and CNI amongst other key sectors.

Ava Group will be showcasing the latest solutions from its technology division – incorporating Future Fibre Technologies and BQT Solutions. The Ava Group is a market leader of risk management services and technologies, offering a portfolio of complementary solutions encompassing both fibre optic intrusion detection and high security access control and locking.

Mark Horton, Global Sales & Marketing Director – Technology commented, “Our brands have a strong pedigree in some of the expo’s key sectors including government and CNI, and we’re very much looking forward to discussing with visitors how Ava’s solutions can be applied to protect their organisations. Ava Group has had some major project wins in recent months including a major military closed data network, who have selected our data network infrastructure protection solution to secure their network against tapping and tampering. It is projects such as this that demonstrates Ava Group’s expertise in security risk management and protection of client’s assets and infrastructure.”

Ava Group’s CTO – Technology, Dr Jim Katsifolis will be presenting in the Perimeter Security & Intrusion Detection Technology Workshop on ‘Security within security in a converged perimeter intrusion detection solution’ on the first morning of the exhibition. An accomplished R&D professional, Jim will explore the latest generation of PIDS technologies, the convergence of intrusion detection and cybersecurity as well as addressing some common myths in this field.

Featured on the stand will be the enhanced Aura Ai-2 controller from Future Fibre Technologies. This market leading product offers unrivalled high-sensitivity detection, location accuracy, cut resilience capability and the industry’s longest linear range. New ultra-low noise optical detection electronics ensure a single controller can cover a distance up to 110 kilometres and can accurately detect, locate and report multiple disturbances to +/- 2 metres.

Ava Group is also previewing its Small Site Assurance range, which is designed to protect remote unmanned locations through a holistic security management solution. The solution incorporates intrusion detection, access control and locking as well as environmental monitoring – all controlled remotely from a simple graphical user interface. The Small Site Assurance range is particularly suited for utilities, telecoms, energy, oil & gas and data centres that are at risk from threats such as vandalism, opportunistic and targeted theft, terrorist attack, trespass, system failure, accident or injury.

From BQT Solutions, Ava Group will be demonstrating the Orca lock. Building on the success of the award winning YG10, the Orca lock is a high-strength lock designed for securing gates, roller doors, shipping containers, and any other large door or entryway. Alongside the Orca’s impressive physical attributes, its ability to integrate into an access control system is what elevates it beyond anything available in the market. Fully monitored, weatherproof, and user configurable, the Orca is the perfect indoor and outdoor locking solution.

BQT will also demonstrate the latest software integration between their miPASS Access TMS software and Paxton’s Net2 access control software. The integration enables the seamless addition of BQT biometric readers to new or existing Net2 systems, facilitating a smooth transition from less secure card technologies to more robust options like fingerprint biometrics and BQT’s own miPASS credentials.

About the Ava Group

The Ava Group is a market leader of risk management services and technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including intrusion detection and location for perimeters, pipelines and data networks, biometric and card access control as well as secure international logistics, storage of high value assets and risk consultancy services. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and technologies for the most complex and demanding markets.

Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class services and technologies that surpass the expectations of our partners and end users.

Ava Group announces strategic partnership with Mining3 to deliver Innovative Predictive Asset Maintenance Solutions to the Global Mining Sector

Ava Group (AVA), a market leader in the provision of risk management services and technologies, is pleased to announce a transformational technical and commercial partnership with a global industry leader in mining research and innovation, Mining3. The partnership represents a technical collaboration on the final form development and the rapid commercialisation of a predictive asset condition monitoring solution for the mining industry, to be launched in Q1, 2019.

Andrew Hames, Group Head of Extractives and Energy for Ava Group comments, “At Ava Group we continue to explore new ways to support our customers to solve every day business challenges with the application of our marketing leading technologies. Mining companies are fostering innovation by adopting the right systems, technologies and culture to take their businesses forward. Mining3 is a global industry leader in research and innovation for the development and delivery of transformational technology in the mining industry, and the collaboration with Mining3 will support Ava Group’s expansion to serve a broader range of applications for this sector.

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Ava Group Selected to Safeguard the Indian Ministry of Defence Closed Data Network with Fibre Optic Intrusion Detection

Ava Group (ASX: AVA), a market leader in the provision of risk management services and technologies, has announced that an Ava Group Company solution has been selected to protect a major military closed data network from the threat of tampering and tapping. The project to deploy its fibre optic intrusion detection and location solution is valued at around US$11m and asserts Ava Group’s status as a world leader in data network protection.

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Ava Group to Showcase Security Risk Management Solutions at GSX, Las Vegas – September 25-27, 2018

Ava Group (AVA), a market leader in security risk management technology is pleased to announce it will be exhibiting at GSX, booth 3830. Global Security Exchange (GSX), formerly the Annual Seminar and Exhibits and powered by ASIS claims to be the most comprehensive security event in the world. The event is focused on networking and education with a range of in-show features and a comprehensive conference schedule all taking place at the Las Vegas Convention Center.

Ava Group will be presenting the latest solutions from its technology division with a brand new booth, incorporating Future Fibre Technologies and BQT Solutions. The Ava Group is a market leader of risk management services and technologies, offering a portfolio of complementary solutions encompassing both fibre optic intrusion detection and biometric and card access control.

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